A trio of shareholders of Galderma Group AG raised around 2.09 billion Swiss francs ($2.6 billion) through the sale of a roughly 7.1% stake in the skincare giant, the latest in a string of sell-downs since the company went public more than a year ago.
EQT AB, the Abu Dhabi Investment Authority and Auba Investment Pte. offered about 17 million shares in a placement with investors that attracted multiple times more demand than the stock available, according to terms seen by Bloomberg. The stock offering priced at 123 francs per share, marking an 8% discount to Monday’s closing price, ...
